Export prices up by 1.1 per cent in August

Export prices rose by 1.1 per cent from July to August, the increase being attributable to the rise in the price of pulp, oil products, timber, and paper and paperboard. This information can be gathered from the Export Price Index of Statistics Finland.

Export prices saw a rise of 0.2 per cent in the year to August. The last time the year-on-year change was positive was in June 1996.

Producer prices for manufactured goods were up by 0.7 per cent from July to August, owing to a price rise in oil products, pulp, foodstuffs and timber. In the year to August producer prices for manufactured goods increased by 2.3 per cent.

Import prices were down by 0.1 per cent from July to August, owing to a fall in the price of base metals and basic chemicals. In the year to August import prices rose by 2.1 per cent.

The HWWA index, which measures the dollar prices of raw materials on the world market, rose by 1.4 per cent from July to August. In the year to August, however, the HWWA index fell by 2.6 per cent.

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Changes in producer price indices from July to August and in the year to August 1997, %
Index	7/97-8/97	8/96-8/97
Wholesale price index	0.2	2.5
Producer price index for manufactured goods	0.7	2.3
Basic price index for domestic supply	0.3	2.7
Export price index	1.1	0.2
Import price index	-0.1	2.1

Source: Producer Price Indices, August 1997. Statistics Finland
Inquiries: Mr Jarmo Ranki , tel. +358 9 1734 3472,
or Ms Anne Forss, tel. +358 9 1734 3469